Palenke Arts
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 222,501 | 141,322 | 81,179 | 7.7 | 65% |
| 2022 | 425,600 | 277,051 | 148,549 | 10.4 | 60% |
| 2023 | 492,500 | 326,250 | 166,250 | 14.9 | 59% |
| 2024 | 858,257 | 531,857 | 326,400 | 16.5 | 58% |
In its most recent public year (2024), this organization brought in $326,400 more than it spent. Its reserves stood at about 16.5 months of spending, up from 7.7 in 2021. Staff pay was 58% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2024. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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